Türkiye's retail sales expanded 10.4% on an annual basis in July, official data showed Friday.

That followed an 11.5% growth in June, the Turkish Statistical Institute (TurkStat) said.

The July rate marked the slowest rate of growth since March 2025, when sales increased 10.3%.

Annual sales growth in non-food products moderated to 14.1% from 17%, while that in food, drinks, and tobacco improved slightly to 3.2% from 3%. Sales of automotive fuel were 8% higher than a year earlier versus a 1.3% gain a month ago.

Data showed that online retail grew 19.8% from last year, slower than the 23.7% jump in June.

On a monthly basis, retail sales edged higher by 0.2% in July, following a 0.5% rise in the prior month.

Separate official data from the Central Bank of the Republic of Türkiye (CBRT) showed that the country's current account posted a $36 million surplus in July. That compared to a $1.8 billion surplus in the corresponding month last year.

The shortfall on goods trade widened to $5.6 billion from $4.6 billion a year ago, and the services deficit widened to $8.2 billion from $8 billion.

The primary income balance also showed a deficit of $2.6 billion, up from $1.5 billion. Meanwhile, the secondary income shortfall narrowed to $56 million from $153 million.